Home / People / Tim Elliott
Portrait ofTim Elliott

Tim Elliott

Partner

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English

Tim Elliott is the Head of Finance at Lau, Horton & Wise LLP and a partner at CMS Cameron McKenna Nabarro Olswang LLP. He advises on a wide range of debt and leasing transactions across the asset and commodity classes. He works with export credit agencies, owners, banks, lessors and portfolio managers, in particular on shipping, aviation, offshore marine, and oil and gas financings and all associated equipment procurement, chartering and operating arrangements. Tim’s experience includes advising on syndicated debt and capital markets offerings, portfolio sales and corporate purchases, leasing and funds formation, tax structuring and work-outs. 

more less

Relevant experience

Shipping and Offshore

  • A Malaysian FPSO owner and operator on the US$1.1 billion syndicated facility for the conversion and operation of the FPSO for operations offshore Angola. 
  • A Chinese leasing company in respect of the sale and leaseback financing of a converted FSRU to be chartered for operations offshore Brazil. 
  • An international PRC bank headquartered in Hong Kong on the US$96 million facility to subsidiaries of a Chinese company in respect of four 1,400TEU containerships chartered to subsidiaries of a German shipping company 
  • A Hong Kong-based petroleum company in respect of restructuring nine vessels and six barges under arrest in Hong Kong, Singapore, China and South Korea. 
  • A German ship management company on the US$52 million sale and leaseback financing of 2 8,200TEU containerships to be purchased and chartered by a Chinese leasing company.
  • An international owner, operator, and manager of liquefied natural gas carriers on the US$1.05 billion re-financing of 8
  • LNG carriers comprising term loan and revolving credit facility tranches by a syndicate and on the US$1.1 billion KEXIM and K-Sure backed financing of it's newbuild LNG train programme. 

Aviation

  • A bank in Hong Kong on the US$35 million facility to a subsidiary of a Hong Kong listed aircraft leasing Group to fund the purchase of various second-hand aircraft including one Airbus A321-200 aircraft on lease to a Danish airline.
  • A global corporate on its corporate jet programme, including a corporate jet sale and the purchase of a majority aircraft interest in a fractionalised programme.

Oil & Gas

  • An international investment bank on two monetisation programmes for the in-tank purchase and resale of oil commodities in international waters.  
  • A South American oil and gas producer on the structuring of a secured oil receivables financing on a pre-export financing basis. 
  • A US Financial Services company on a financing of various North Sea assets. 

 

more less

Education

1996 – BA, Lady Margaret Hall, University of Oxford, United Kingdom

more less

Feed

02/02/2023
CMS bolsters its asset finance offering in Hong Kong with appointment of...
International law firm CMS has bolstered its asset finance offering in Hong Kong with the recruitment of partner Conor Warde, and his shipping transactional and finance practice. Conor, who has been based...
21/09/2021
Governing law and dispute resolution in cross-border financings: New York,...
English law vs. New York law and jurisdiction: What are the considerations when choosing the governing law and jurisdiction for cross-border financing trans­ac­tions? What are the benefits of each governing...
15/04/2021
CMS Maritime Overview
Against the backdrop of an incredibly challenging year for the global maritime industry this publication from our CMS Shipping team examines a number of key aspects of the shipping industry pushed into...
31/03/2021
Law and regulation of consequential damages clauses in the energy sector...
1. Do the words “consequential loss” have a given meaning in law? Yes. The meaning of “consequential loss” under Hong Kong law is similar to that under English law, following the Hadley v Bax­end­ale1(1854)...
04/01/2021
Law and regulation of Covid-19 loan moratoriums in Hong Kong
1. Description of the legislation 1.1 Is there a moratorium on loans legislation implemented in your jurisdiction? No. The Hong Kong Government announced on 6 January 2020 a plan to revive consideration...
Comparable
09/07/2020
Hong Kong
Here’s a selection of our energy sector credentials in Hong Kong: GasLog Partners on its US$450,000,000 refinancing of 5 LNG carriers.A Malaysia-based international offshore oilfield company on the US$65,000,000 project financing from Société Générale of the FSU "Armada LNG Mediterrana".A Malaysia-based international offshore oilfield company on its sale and leaseback financing of the FSU “Armada LNG Mediterrana”.A Singapore based petroleum company on the various actions brought by the Company's creditors, particularly negotiating with counterparts on potential financing transactions involving, inter alia, the sale and leaseback of its fleet and secured debts of up to $370M.  This is one of the largest and most complex restructuring deals currently ongoing in the shipping industry.
20/11/2019
Oil and Gas / Shipping: The legal remedies for breach of a restrictive...
Summary In Priyanka Shipping Limited v. Glory Bulk Carriers Pte Limited (the “Lory”) [2019] EWHC 2804 (Comm), the Commercial Court was asked to consider the remedies available to address a breach...
10/08/2018
CMS Hong Kong maintains growth momentum adding Insurance capability with...
International law firm CMS is continuing its Hong Kong expansion with the appointment of two esteemed Insurance partners to associated Hong Kong firm Shirley Lau & Co. LLP. Dual-qualified Andrew Horton...
18/05/2018
CMS forms association in Hong Kong to boost Corporate and local law offering
CMS Hong Kong is pleased to announce that it has entered into an association with newly formed law firm Shirley Lau & Co. LLP. Shirley Lau & Co. LLP includes members of CMS Hong Kong's existing team...
03/07/2017
New Hong Kong Tax Regime for Aircraft Leasing
Hong Kong’s Budget 2017-2018 introduces a preferential tax regime to incentivise aircraft leasing companies to use Hong Kong as their business base. This is a significant development for the Hong Kong...
09/03/2017
Budget 2017: Lease Taxation Post-Im­ple­ment­a­tion of IFRS 16 (Leases)
The Government announced yesterday that it will consult in summer 2017 on the legislative changes required following the implementation of the International Accounting Standards Board’s new leasing...
13/06/2016
Ship Mortgages in Brazil – continuing uncertainty for secured creditors
Introduction: In a significant ruling issued on 1 June 2016, the appellate court in São Paulo refused an appeal by a secured creditor and confirmed the decision of an earlier court-ruling in February...